Finally a legit eth fork here.
It is but with the 10M reserve it already has a marketcap of 3.5 Mio$, which is quite alot...
I know... I think coin price might start to drop.
This DAO should start hiring people at these high coin prices.agree
If the price goes down, or way up, that would be taken into consideration later for paying bounties to 3rd party devs. In most all cases people will sell bounties for BTC and then perhaps Fiat, so it is critical to only use it on valuable additions. It isn't like 3rd party devs would get paid less if the price changes, it would be adjusted.
I think there will be a shit storm of ethereum/DAOs created that will do this exact same thing. I would like to see this coin move as fast as possible. Being slow and stingy with the funds will just lead to everyone creating their own DAO instead of working together.
Any smart person like myself will not buy this coin right now. The smart move is to wait until someone wants to dump their claimed bounty.
I'm already getting annoyed that you guys are not listing ideas with suggested bounty sizes for them. This doesn't feel like a DAO. It feels like your the boss and you will do whatever you want.
If we simply listed ideas with suggested bounties that would be missing the point entirely and acting exactly like a boss, although we have discussed countless ideas and plans in Slack already.
The DAO has to be formed before it can vote, and the first votes will be getting the Advisory Board elected. This isn't a short term or a non serious project, and anything funded has to be carefully considered and approved later by the community as a whole, not just the founders. If you want us to rush and just appoint people to the board, or just pass out bounties like mad, that just isn't going to happen. Certainly lots of people will copy these ideas, but if it isn't done right it won't matter for them and they won't last.